Goldman Tips Brazil for World Cup After 1 Million Simulations
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So much for the unpredictable nature of the beautiful game. Goldman Sachs Group Inc. reckons Brazil will win its sixth World Cup, basing its forecast on data mining, machine learning and econometrics.
The investment bank is the latest to jump into the excitement before the soccer championship kicks off this week. It used 200,000 statistical models, sifted data on individual players and recent team performance and ran 1 million simulations of the tournament.